For more than a year investors have been taking money out of global convertible funds after loading up the prior 2 1/2 years. A few of those who pulled out money could be having regrets, given that this asset class rebounded to higher levels after the turmoil in the bond and equities markets earlier this year and again in the aftermath of Brexit.

The Bank of America Merrill Lynch G300 Index of global convertibles fell 6.8% from the beginning of the year through Feb. 11 before bouncing back into the black with a 3.6% gain as of June 23, the day of the Brexit vote.

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